What is program in SAP PSM-FM - Funds Management?

SAP Term: program

• Component: PSM-FM

• Component Name: Funds Management

• Description: A group of activities aimed at achieving one or more mid-term or long-term strategic objectives that are the responsibility of a specific ministry or agency within the federal government of the United Arab Emirates. A program can be divided into subprograms. During the budget preparation process, for example, budget amounts can be posted to a particular program and its subprograms.

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• Key Concepts: 
  A program in SAP Funds Management (PSM-FM) is a set of activities that are related to a specific purpose. It is used to plan, budget, and manage funds for a particular purpose. Programs are typically used to manage funds for projects, investments, or other activities. 
  
  How to use it: 
  In SAP Funds Management, programs are used to plan and manage funds for a particular purpose. Programs can be created and managed in the Funds Management module. When creating a program, users can define the purpose of the program, the budget, and the timeline for the program. Once created, users can monitor and manage the program's progress and performance. 
  
  Tips & Tricks: 
  When creating a program in SAP Funds Management, it is important to ensure that the budget is realistic and achievable. Additionally, it is important to ensure that the timeline for the program is realistic and achievable as well. 
  
  Related Information: 
  For more information on programs in SAP Funds Management, please refer to the SAP Help Portal or contact your local SAP representative.